Latest Developments

Asia
The Hindu BusinessLine

India's data centre capacity grows over four-fold to 1,575 MW since 2020

India’s installed data centre capacity has more than quadrupled since 2020 to around 1,575 megawatts (MW), as the country expands its digital infrastructure to support the growing adoption of artificial intelligence (AI), according to the Ministry of Electronics and Information Technology. Installed data centre capacity has increased from 375 MW in 2020 to about 1,575 MW currently, representing a more than four-fold increase over the period, the Ministry said. The expansion comes as India scales up computing infrastructure under the IndiaAI Mission to provide researchers, start-ups and innovators access to high-performance computing resources. “The IndiaAI Mission has expanded shared compute capacity to 45,000+ Graphics Processing Units (GPUs), as of June 2026,” the Ministry said. By August 2026, 237 projects had accessed subsidised AI computing infrastructure, accounting for 93.18 lakh GPU hours. “This provides affordable high-performance computing for AI model development, training, testing and research, lowering entry barriers for Indian researchers, start-ups and innovators,” the Ministry said. India’s data centre infrastructure is currently concentrated across major technology and commercial hubs, including Mumbai, Navi Mumbai, Chennai, Hyderabad, Bengaluru, Delhi-NCR and Gujarat. However, the industry is expanding into newer investment destinations. The Ministry said the data centre industry is “now further expanding in states like Andhra Pradesh, Madhya Pradesh, Chhattisgarh & West Bengal which are coming up with new investment destinations.” The expansion in computing infrastructure is also being accompanied by efforts to develop indigenous AI models. The government has selected 20 indigenous foundation model proposals from 506 applications, including 12 Large Multimodal Models and eight Small Language Models. According to the Ministry, the initiative strengthens India’s capability to develop AI models suited to “Indian languages, needs and contexts.” The country’s AI ecosystem is also being supported through AI Kosh, which, as of July 2026, hosted more than 14,000 datasets and 331 AI models for researchers, developers and innovators. The IndiaAI Mission, approved with an outlay of about ₹10,372 crore, is aimed at building domestic AI capabilities and supporting innovation, economic growth and public-service delivery.

India's data centre capacity grows over four-fold to 1,575 MW since 2020
Europe
BBC Business

Why is Trump Media selling early access to Trump's Truth Social posts?

President Donald Trump's media company has launched a paid subscription service on Truth Social that offers users access to posts from the website's most prominent accounts milliseconds before they appear to the general public. While the company's announcement does not specifically mention the US president's account, his is the most popular on the site, with more than 13 million followers. The service reportedly costs up to $100,000 (£74,170) per month, with a lower-priced $60,000 (£44,679) option also available.

Why is Trump Media selling early access to Trump's Truth Social posts?
North America
CNBC Finance

FAA clears smallest Boeing 737 Max to fly after years of delays

The Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest model in the bestselling family of aircraft, after nearly a decade of delays for safety reviews. Carriers including Southwest Airlines expected to fly the plane before the pandemic, but increased regulatory scrutiny following the fatal crashes of the in-service Max 8, in 2018 and 2019, other safety and manufacturing crises, and the redesign of an engine anti-icing system delayed certification. The agency on Monday said the approval "reflects years of sustained work to resolve complex technical issues and complete a thorough review of the airplane's design and supporting safety analyses." Airlines can finally start flying passengers soon after planes are certified, but it can take them months to work them into schedules. The already-built Max 7 planes for Southwest, which make up the bulk of the Max 7s in inventory, will need to be outfitted with the carrier's new extra legroom seats. Southwest won't likely start flying the planes until next year. "This important certification validates the rigor of our airplane's design and recognizes the determination and resilience of our 737 MAX development team," Stephanie Pope, president and CEO of Boeing Commercial Airplanes, said in a statement. The FAA said it required other changes to the plane beyond the redesign of the engine anti-ice system, including to the flight control software and crew alerting system. Boeing is also awaiting certification from the FAA of another long-delayed model, the 737 Max 10, which is the largest in the family and one that some carriers expected to start flying in 2020 as well as the manufacturer's largest plane, the 777X. The plane maker has about 40 of the 737 Max 7s and 737 Max 10s built and in inventory already, and the FAA approval could help the manufacturer bring in much-needed cash, Jefferies analyst Sheila Kahyaoglu said in a note Sunday. Boeing and other manufacturers receive the bulk of an airplane's price when they hand it over to customers. The manufacturer, a top U.S. exporter, has been working to ramp up production of its 737 Maxes and 787 Dreamliners, key to its recovery after years of crisis since airlines and other customers pay the bulk of the aircraft's price upon delivery. Boeing opened a fourth production line in Everett, Washington, in July for its 737 Max airplanes. The company has been working to win back the trust of the FAA, and has made strides, including in mid-July, when the FAA said it could once again issue airworthiness certificates for its bestselling 737 Max aircraft and 787 Dreamliners. The agency stripped that from Boeing after the Max 8 crashes, which killed 346 people. Get this delivered to your inbox, and more info about our products and services.

FAA clears smallest Boeing 737 Max to fly after years of delays
Asia
The Hindu BusinessLine

Milky Mist IPO Day 2 Highlights: ₹1,553-cr Milky Mist IPO subscribed over 2 times, Shiprocket IPO nears full subscription on Day 1

The ₹1,553-crore initial public offering of packaged food company Milky Mist Dairy Food Ltd was subscribed 79 per cent on Day 1. The issue comprises a fresh issue of up to ₹1,428 crore and an Offer-for-Sale (OFS) of up to ₹125 crore. The ₹1,617.5-crore Shiprocket IPO opens today at a price band of ₹92-97 per share. Geojit Investments has recommended a ‘Subscribe’ rating for Shiprocket’s IPO for medium- to long-term investors. At the upper price band of ₹97, the brokerage said Shiprocket is valued at around 3.6x FY26 EV/Sales on a post-issue basis, at a discount to its listed peer.Geojit said the company has demonstrated strong growth through expanding merchant adoption and a diversified platform spanning logistics, fulfilment, cross-border commerce, marketing and financial services. Its asset-light, technology-driven model supports scalability and efficiency, while debt reduction through IPO proceeds is expected to improve profitability, the brokerage said. Sensex settled 187.90 pts or 0.24% lower at 77,966.35, and Nifty 59 dipped 35.75 pts or 0.15% to 24,435.95. QIBs have been booked 0.52 times, NIIs 2.95 times, retail 2.20 times and employee portion 4.31 times. Markets were off the day’s low at around 3 pm. Sensex traded 263.37 pts or 0.34% lower at 77,890.88, and Nifty 50 was down 97.50 pts or 0.40% to 24,374.20. Milky Mist IPO will close ‌for subscription on August 13, and shares are expected to begin trading on the BSE and National Stock Exchange on August 18. Milky Mist IPO has been subscribed 1.75 times at 2.21 pm. QIBs: 0.52 times; NIIs: 2.72 times; Retail: 2.03 times; Employee portion 3.93 times Shiprocket IPO was subscribed 0.51 times as of 1.15 pm on Day 1 of bidding. The employee portion was subscribed 3.18 times, while the retail portion was booked 1.93 times. The NII category was subscribed 0.55 times, while the QIB portion saw no bids. Subscription breakup Milky Mist Dairy Food IPO was subscribed 1.52 times as of 12.45 pm on Day 2 of bidding. The employee portion was subscribed 3.57 times, followed by the NII category at 2.36 times and the retail portion at 1.79 times. The QIB portion was subscribed 0.40 times. At 12 noon, Sensex dragged 616.15 pts or 0.79% to 77,538.10, and Nifty 50 depreciated 193 pts or 0.79% to 24,278.70. Shiprocket IPO was subscribed 0.20 times as of 11 am on Day 1 of bidding. The employee portion was subscribed 1.32 times, while the retail portion was booked 0.79 times. The NII category was subscribed 0.20 times, while the QIB portion saw no bids.

Milky Mist IPO Day 2 Highlights: ₹1,553-cr Milky Mist IPO subscribed over 2 times, Shiprocket IPO nears full subscription on Day 1
Asia
The Hindu BusinessLine

Sensex today | Stock Market Highlights: Sensex slips 187 pts to close at 77,966, Nifty ends at 24,435; TCS, M&M top losers

Sensex Today, Nifty 50 | Stock Market Highlights: Benchmark equity indices Sensex and Nifty ended lower for the second day on Wednesday as elevated crude oil prices and selling in Tata Group stocks after Tata Sons Chairman N Chandrasekaran said he will not seek reappointment when his current term ends on February 20, 2027, weighed on investors’ sentiment. The 30-share BSE Sensex declined 187.90 points, or 0.24 per cent, to settle at 77,966.35. During the day, it tumbled 656.32 points, or 0.83 per cent, to 77,497.93. The 50-share NSE Nifty dipped 35.75 points, or 0.15 per cent, to end at 24,435.95. Mahindra & Mahindra, Tata Steel, Larsen & Toubro, Eternal and Infosys were also among the laggards. State Bank of India, Bharti Airtel, UltraTech Cement and Power Grid were among the winners. Brent crude, the global oil benchmark, dipped 0.17 per cent to USD 88.76 per barrel. Rupee rises 3 paise to 95.33 against the dollar amid global market uncertainties and oil price fluctuations. Retail Inflation based on Consumer Price Index (CPI) rose to 4.45 per cent as against 4.38 per cent of June, Statistics Ministry reported on Wednesday. Mobavenue AI Tech Limited has announced its Q1 FY2027 results, reporting strong growth across revenue, EBITDA and profit, alongside key milestones in its AI-led transformation and international expansion. On consolidated basis, PAT jumped 82.9% y-o-y to Rs 2,556 crore in Q1FY27 from Rs 1,397 crore in Q1FY26. Multi Commodity Exchange of India Ltd. (MCX) and the National Institute of Securities Markets (NISM) have signed a Memorandum of Understanding (MoU) at the Global Commodity Conclave 2026 to establish the MCX-NISM Centre for Commodity Markets, a dedicated platform focused on strengthening professional capability, research and responsible participation in India’s commodity markets. Housed at NISM, it will combine MCX’s industry and market expertise with NISM’s academic infrastructure and research capabilities. As India’s commodity markets become more sophisticated and globally integrated, the initiative fulfils a need for specialised skills, research, and market awareness.

Sensex today | Stock Market Highlights: Sensex slips 187 pts to close at 77,966, Nifty ends at 24,435; TCS, M&M top losers
Europe
BBC Business

EasyJet agrees to £5.7bn takeover by US firm

Image source, Getty ImagesByNick Edser & Faarea MasudBusiness reportersPublished6 August 2026No-frills airline EasyJet has agreed to be taken over in a £5.7bn deal by US firm Apollo after a rival bidder dropped out. The takeover was agreed after US investment firm Castlelake, which had made a series of offers for the carrier, said it was withdrawing from the bid battle. Apollo said it wants to help the airline grow and that it does not intend to cut any jobs in the first 12 months after the takeover has been completed, implying that passengers can expect largely the same service. EasyJet is one of Europe's largest airlines. It employs more than 19,000 people, and flies around 1,200 routes across 35 European countries. It was founded by Sir Stelios Haji-Ioannou in 1995 to offer cheap air fares to Europe from the UK. Its first flights took off in November 1995 flying from Luton to Glasgow and Edinburgh, with its first international flights the following year. Sir Stelios and his family still own around 15% of the business, and he said he supported Apollo's plans for the airline "to create more growth". "My family and I intend to remain invested as long-term major shareholders of EasyJet for the next chapter in the company's journey," he said in a statement. The future ownership of EasyJet has been uncertain since it emerged in late May that Castlelake was considering a bid for the airline. Castlelake made a number of approaches for EasyJet, which were rebuffed initially after the carrier accused the US firm of trying to buy it "on the cheap". In early July, EasyJet and Castlelake said they had agreed a deal in principle, but then Apollo - which owns Wagamama parent The Restaurant Group - swooped in with a higher bid. AJ Bell's head of financial analysis, Danni Hewson said while the offer was significantly above where the company's shares were trading before the Iran war, the figure was "still woefully short of the company's pre-pandemic highs". Apollo said it was "highly supportive" of the airline's existing strategy, adding there was "a significant opportunity to accelerate the operational and commercial ambitions" for the EasyJet Group.

EasyJet agrees to £5.7bn takeover by US firm
North America
CNBC Finance

Michigan confirms first two deaths in cyclospora outbreak

Michigan health authorities on Monday reported the first two deaths from the ongoing cyclospora outbreak. The Michigan Health Department said that both individuals had "significant underlying health conditions" that may have been affected by cyclosporiasis and dehydration, citing medical records. Michigan health officials said that cyclosporiasis is generally not considered life threatening, and it is unusual for fatalities to occur in the U.S. Michigan has reported 11,234 cases and 193 hospitalizations tied to the outbreak. Based on reported cases, the state seems to be the hardest hit by the outbreak, and its number of reported cases has outpaced those reported by the Centers for Disease Control and Prevention. The CDC has received more than 6,700 laboratory-confirmed cases since May 1, according to the agency. That count does not include cases that have not been confirmed by a laboratory, which includes many reported by Michigan and Ohio, among other states. The CDC has been updating its case count on a weekly basis, while Michigan has been reporting every weekday. In mid-July, Taylor Farms recalled iceberg lettuce from central Mexico that was believed to be the source of the outbreak. The recall included bagged salads sold in grocery stores and served in restaurants, including Yum Brands' Taco Bell. Cyclospora, a waterborne parasite, is often found on fresh produce, like iceberg lettuce, herbs and raspberries. Outbreaks are more common during the summer, although the ongoing outbreak is the worst in recent history. The Food and Drug Administration is also investigating at least one more outbreak of cyclosporiasis. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Michigan confirms first two deaths in cyclospora outbreak
Asia-Pacific
The Straits Times

Asia stocks edge higher, oil up amid Gulf confusion

Iran said on Aug 9 that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages. SYDNEY – Asian share markets tracked Wall Street higher on Aug 10 after a soft US jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. Iran said on Aug 9 that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages, but reiterated that the waterway would only reopen once the United States met other conditions. Brent crude added 0.9 per cent to US$84.32 a barrel as shipping through the vital waterway remained at a trickle, while US crude rose 0.7 per cent to US$78.74 a barrel. The latest revival in fuel costs raises the stakes for the US July consumer price report due on Aug 12, where analysts look for a rise of 0.1 per cent in the headline and 0.2 per cent for the core. Any upside surprise could rekindle speculation of a hike from the Federal Reserve in September. “Our forecast for core CPI of 0.22 per cent is probably not quite firm enough to prompt a hike from the Fed at the September meeting, though repeated prints closer to 0.3 per cent could do it,” said Michael Feroli, chief US economist at JPMorgan. “One thing we are watching for is any rebound in core goods prices after a two-month stretch in which they fell.” The futures market has scaled back the chance of a September move to around 44 per cent, from 67 per cent a week ago. The pullback in rate risk helped Treasuries rally on Aug 7 and saw Wall Street close at record highs. Japan’s Nikkei followed that lead and rose 0.6 per cent on Aug 10, while South Korea added 0.5 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3 per cent. For Europe, Eurostoxx 50 futures and DAX futures both dipped 0.1 per cent, while FTSE futures fell 0.4 per cent.

Asia stocks edge higher, oil up amid Gulf confusion
North America
Yahoo Finance

Dow, S&P 500, Nasdaq Futures Climb As Markets Gear Up For Another Key Earnings Week: USO, PLTR, CRML, IONQ Stocks In Focus

U.S. futures climbed higher in the overnight session late Sunday as markets look forward to another busy week of earnings that will kickstart August’s trading. Meanwhile, the war between the U.S. and Iran is seemingly at a pause after U.S. President Donald Trump said earlier during the weekend that he had canceled a planned attack on the Middle Eastern country, subject to being able to rapidly close down on a deal. The president also reportedly said that a new round of talks with Iran will begin Monday. Nasdaq-100 futures climbed 0.77%, Dow futures were up 0.45%, and S&P 500 futures gained 0.50% at 9:49 PM EDT. At the close of the regular trading session on Friday, all benchmark indexes closed higher, aided by strong quarterly results from Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN). The Dow closed up 0.53%, while the S&P 500 ended the session up 0.70%. Meanwhile, the Nasdaq Composite was up 1% at close. All indexes also closed the week higher amid strong earnings from multiple technology companies, despite reporting higher capital expenditures. The Nasdaq led the gains, rising about 1.59% for the week. The S&P 500 and the Dow both gained more than 1% each in the same time. U.S. futures are gaining on the back of another week of earnings expected from top American companies. Chipmaker Advanced Micro Devices Inc. (AMD) is slated to report its second-quarter (Q2) results on Tuesday. Many consumer firms, including McDonald’s Corp. (MCD), Kraft Heinz Co. (KHC), Costco Wholesale Corp. (COST), and Walt Disney Co. (DIS) are also slated to announce their quarterly results this week. “Some 71% of S&P 500 companies have now reported Q2 results, with another 15% of the index due this week. The consensus of analysts' estimates implied Q2-2026 operating EPS growth of 37.0% y/y as of July 30, up from 35.8% last week. That figure includes the mark-to-market investment gains booked by a few of the Mag-7 companies. Nevertheless, estimates for Q3 and Q4 continue to trend higher,” Yardeni Research said in a blog post on Sunday. Meanwhile, on the geopolitical front, markets are awaiting updates on the status of the war between the U.S. and Iran. Trump told reporters on board Air Force One on Sunday that “Obviously, they (Iran) don’t want to be attacked. They knew the extent of the attack because they saw it forming,” as per Al Jazeera. “Now what we’re doing is talking to them in the form of a negotiation. It begins tomorrow afternoon,” he added. Earlier, Trump said in a post on Truth Social that despite the U.S. being “locked and loaded and ready to go against the Islamic Republic of Iran, at levels of Military Terror, Strength, and Power not seen since World War II,” the country is holding off on attacks after having “been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to.” “This would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat. Based on this request, I have agreed, for the future benefit of the WORLD and, likewise, the survival of a successful and prosperous Iran, to cancel the attack, subject to being able to rapidly make a DEAL. The Country of Israel joins me in this commitment. Get to work, everybody, and get it DONE,” he added.

Dow, S&P 500, Nasdaq Futures Climb As Markets Gear Up For Another Key Earnings Week: USO, PLTR, CRML, IONQ Stocks In Focus